- Saudi Arabia's sovereign wealth fund
- US$250 billion in assets under management (I show about $500 billion)
- plans to expand to $400 billion by 2020 but right now: US$250 billion
- Saudi Arabia 2018 budget
- deficit of US$52 billion
- oil price target: US$80 / bbl
- available foe mega-projects
- $2 trillion Saudi Aramco valuation
- IPO, at 5%: US$100 billion
- plus the sovereign wealth fund, results in total of US$350 billion
- that leaves $33 billion short for the mega-projects planned by Prince Salman
- Financial Times:
- oil needs to be trading at $120/bbl for Saudi Aramco to be valued at US$2 trillion
- at a price of US$64/bbl, Aramco would be worth just US$1.1 trillion
- the six mega-projects
- Neom city project and the Softbank deal (solar project): US$700 billion
- another smart city for Egypt: US$7 billion
- refinery deal with three Indian companies: US$44 billion
- refinery project in Malaysia: US$7 billion
- petrochemicals complex in Saudi Arabia; US$5 billion
- total: US$766 billion
Tuesday, April 17, 2018
Can Saudi Arabia Afford All Those Mega-Billion-Dollar Projects? -- Oilprice.Com -- April 17, 2018
Link here. Data points:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.